![]() However, 2024 may be a better year to purchase a home-at least for some. ![]() ![]() Moreover, in July, average monthly payments hit their highest level ever at $2,306, according to Intercontinental Exchange, a financial technology and data services provider. Mortgage rates surged-hitting a high of 7.79%-and median home prices in the third quarter were north of $400,000. 2023 was a demoralizing year for many aspiring home buyers.
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